|
STATE OF MARYLAND
Statement of Changes in Fund Balances
Component Unit Higher Education Funds
for the year ended June 30,2000
(Expressed in Thousands)
Current Funds
Endowment
|
|
Unrestricted
|
Restricted
|
Loan Funds
|
Funds
|
Plant Funds
|
Total
|
|
Revenue and other additions:
|
|
|
|
|
|
|
|
Education and general revenues........... ..............................
|
$ 841,032
|
|
|
|
$ 809 1
|
i 841,841
|
|
Auxiliary enterprise revenues .............................................
|
296,853
|
|
|
|
|
296,853
|
|
Government grants and contracts - restricted..... ...............
|
|
$526,248
|
|
|
|
526,248
|
|
Private gifts, grants and contracts ......................................
|
|
110,824
|
$ 2
|
$ 352
|
10,011
|
121,189
|
|
Endowment income...........................................................
|
|
29
|
|
|
|
29
|
|
Investment income.... .........................................................
|
|
5,283
|
32
|
46
|
5,742
|
11,103
|
|
Change in fair value on endowment investments...............
|
|
|
|
(26,771)
|
|
(26,771)
|
|
Gain on disposal of plant assets .........................................
|
|
|
|
|
3,375
|
3,375
|
|
Interest on loans receivable ................................................
|
|
|
1,483
|
|
|
1,483
|
|
Retirement of indebtedness................................................
|
|
|
|
|
35,603
|
35,603
|
|
Expended for plant facilities (including $46,308
|
|
|
|
|
|
|
|
charged to current funds expenditures) ...........................
|
|
|
|
|
219,688
|
219,688
|
|
Other .................................................................................
|
|
2
|
1,255
|
241
|
27,625
|
29,123
|
|
Total revenues and other additions..............................
|
1,137,885
|
642,386
|
2,772
|
(26,132)
|
302,853
|
2,059,764
|
|
Expenditures and other deductions:
|
|
|
|
|
|
|
|
Educational and general expenditures. ................... ............
|
1,534,429
|
556,766
|
|
29
|
|
2,091,224
|
|
Auxiliary enterprise expenditures .......................................
|
238,309
|
1,013
|
|
|
|
239,322
|
|
Indirect costs recovered ......................................................
|
|
78,057
|
|
|
|
78,057
|
|
Loan cancellations, write-offs and refunds, net of recoveries. .
|
|
|
678
|
|
|
678
|
|
Retirement of indebtedness................................................
|
|
|
|
|
35,603
|
35,603
|
|
Interest on indebtedness ....................................................
|
|
|
|
|
32,354
|
32,354
|
|
Payment to refunding bond trustee....................................
|
|
|
|
|
17,790
|
17,790
|
|
Expended for plant facilities (including non-capitalized
|
|
|
|
|
|
|
|
expenditures of $25,122) .................................................
|
|
|
|
|
197,904
|
197,904
|
|
Disposal of property, plant and equipment ........................
|
|
|
|
|
58,624
|
58,624
|
|
Other .................................................................................
|
|
|
650
|
1,026
|
2,220
|
3,896
|
|
Total expenditures and other deductions.....................
|
1,772,738
|
635,836
|
1,328
|
1,055
|
344,495
|
2,755,452
|
|
Net (decrease) increase in fund balance before transfers-
|
(634,853)
|
6,550
|
1,444
|
(27,187)
|
(41,642)
|
(695,688)
|
|
Transfers among funds - (deductions) additions:
|
|
|
|
|
|
|
|
Mandatory:
|
|
|
|
|
|
|
|
Debt service ....................................................................
|
(65,745)
|
(15)
|
|
|
65,760
|
|
|
Loan fund matching grant..... ...................................... ...
|
(358)
|
|
358
|
|
|
|
|
Non-mandatory: ...... ..........................................................
|
(49)
|
49
|
|
|
|
|
|
Remodeling, renewals and replacements.. ................... ....
|
(60,299)
|
(1,638)
|
|
|
61,937
|
|
|
Other..............................................................................
|
(25,021)
|
4,045
|
(6)
|
(6,739)
|
27,721
|
|
|
Total transfers among funds ........................................
|
(151,472)
|
2,441
|
352
|
(6,739)
|
155,418
|
|
|
Operating transfers from primary government .....................
|
798,928
|
|
|
|
88,292
|
887,220
|
|
Operating transfers to primary government..........................
|
(292)
|
|
|
|
|
(292)
|
|
Net increase (decrease) in fund balances .....................
|
12,311
|
8,991
|
1,796
|
(33,926)
|
202,068
|
191,240
|
|
Fund balances, July 1, 1999...................................................
|
136,594
|
37,756
|
64,154
|
251,641
|
2,927,436
|
3,417,581
|
|
Fund balances, June 30, 2000................................................
|
$ 148,905
|
$ 46,747
|
$65,950
|
$217,715
|
$3,129,504
|
$3,608,821
|
The accompanying notes to the general purpose financial statements are an integral part of these financial statements.
45
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